Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/20608

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DC Field

Value

Language

dc.contributor.author

Clark, Andrew E.

en_US

dc.contributor.author

Etilé, Fabrice

en_US

dc.contributor.author

Postel-Vinay, Fabien

en_US

dc.contributor.author

Senik, Claudia

en_US

dc.contributor.author

van der Straeten, Karine

en_US

dc.date.accessioned

2009-01-28T16:15:22Z

-

dc.date.available

2009-01-28T16:15:22Z

-

dc.date.issued

2004

en_US

dc.identifier.uri

http://hdl.handle.net/10419/20608

-

dc.description.abstract

This paper models the relationship between income and reported well-being using latentclass techniques applied to panel data from twelve European countries. Introducing bothintercept and slope heterogeneity into this relationship, we strongly reject the hypothesis thatindividuals transform income into well-being in the same way. We show that both individualcharacteristics and country of residence are strong predictors of the four classes we identify.We expect that differences in the marginal effect of income on well-being across classes willbe reflected in both behaviour and preferences for redistribution.

en_US

dc.language.iso

eng

en_US

dc.publisher

|aInstitute for the Study of Labor (IZA) |cBonn

-

dc.relation.ispartofseries

|aIZA Discussion paper series |x1339

en_US

dc.subject.jel

C23

en_US

dc.subject.jel

I30

en_US

dc.subject.jel

C14

en_US

dc.subject.ddc

330

en_US

dc.subject.keyword

income

en_US

dc.subject.keyword

utility

en_US

dc.subject.keyword

well-being

en_US

dc.subject.keyword

heterogeneity

en_US

dc.subject.keyword

latent class

en_US

dc.subject.stw

Einkommen

en_US

dc.subject.stw

Lebensqualität

en_US

dc.subject.stw

Interpersoneller Nutzenvergleich

en_US

dc.subject.stw

Schätzung

en_US

dc.subject.stw

EU-Staaten

en_US

dc.title

Heterogeneity in Reported Well-Being : Evidence from Twelve European Countries